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Stock Market & Financial Investment News

News Breaks
March 20, 2014
14:01 EDTCBTCabot to sell Security Materials business to SICPA for about $20M
Cabot has entered into an agreement to sell its Security Materials business to SICPA for approximately $20M in cash consideration. The Security Materials business utilizes patented spray pyrolysis technology for brand protection activities and advanced nanotechnology for covert taggant applications. Headquartered in Lausanne, Switzerland, SICPA is the leading global provider of security inks, authentication and traceability solutions and services for banknotes, security documents and consumer products. In fiscal 2013, the Security Materials business generated $7M in revenue. The acquisition is expected to close by the end of fiscal year 2014, pending regulatory approvals.
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